%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment %Ethereum ($ETH ) is outperforming rival %Bitcoin ($BTC ) as its price closes in on the key level of $3,000 U.S. per %DigitalToken. Ethereum has gained 17% in the past month and its price hit a peak of $2,931 U.S. on Feb. 19 as it rallies towards $3,000 U.S. In the past five trading sessions, Ethereum’s price has risen 5% compared to no gain in Bitcoin over the last week. Bitcoin is currently trading at $52,250 U.S. per token. Ethereum is rallying on growing expectations that spot ETH exchange-traded funds (ETFs) will be approved in the U.S. at the end of May this year. Analysts and traders are bracing for Ethereum to surpass $3,000 U.S. in the near-term and say that the second largest cryptocurrency by market capitalization could test a new all-time high above $4,650 U.S. this spring. Analysts say Ethereum currently has support at the $2,720 U.S. and $2,500 U.S. levels. So far in 2024, Ethereum’s price has gained 23%, bringing its 12-month increase to 73%.